Latest Intelligence on Hypermarkets, Supermarkets and Discounters in United Kingdom

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Type Product title / description Pub Price
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Tesco to challenge established current account players

Tesco is planning to enter the UK current account market by the end of 2009 via its Tesco Personal Finance brand. This will prove to be a very challenging exercise for the supermarket, not only because of the costs and logistics involved, but also because of the characteristics of the UK current account market, which continues to be dominated by big banks.

Published By Datamonitor
07 Oct 2008
Expert View
Expert View

Marks & Spencer: continues to struggle

In its Q2 update, M&S reported group sales up 0.4%, and UK sales down 1.6% on last year. The retailer is continuing to feel the impact of the downturn in the economic climate - across both food and general merchandise. The future offers little relief, with conditions only expected to worsen and competitors increasingly improving their offers.

Published By Datamonitor
03 Oct 2008
Expert View
Expert View

Verdict on the credit crunch: Eeyore economics

The outlook for the economy is bleak. Real incomes are falling, the housing market is deteriorating and unemployment is rising. As the brakes are applied to consumer spending - a major contributor of economic growth - the economy is facing a period of weak activity, with the retail sector set to suffer more than most.

Published By Datamonitor
02 Oct 2008
Expert View
Expert View

Verdict on the credit crunch: discounters

The last year has seen the average UK consumer change, with trading down and switching becoming endemic. While this trend was noticeable from the onset of the Northern Rock crisis in 2007, the major UK retailers and suppliers were slow to take notice. In terms of purchasing decisions, the focus is now firmly on value. As a result, Verdict expects discounters to dominate the agenda going forward.

Published By Datamonitor
01 Oct 2008
CommentWire
CommentWire

Co-op: inflated profits

In its last set of results before it completes a takeover of rival Somerfield, the Co-op has announced a record 36% rise in first-half operating profit and like-for-like sales up a healthy 5%. While the impressive figures are slightly deceptive - driven by higher prices, with volumes flat - this inflation and the retailer's larger scale will see it continue to grow through the downturn.

Published By Datamonitor
25 Sep 2008
Expert View
Expert View

Morrison's strong performance continues

Morrison has announced another set of robust results for the 26 weeks to August 3, 2008. The grocer has attributed its results to greater levels of footfall and the current economic climate, as a result of which customers are increasingly trading down from premium grocers. This set of results should help the retailer to achieve the targets set out in its three-year recovery plan by 2010.

Published By Datamonitor
12 Sep 2008
CommentWire
CommentWire

Lidl: cheap and now convenient

Keen to exploit strong growth in the convenience market, German discount chain Lidl has opened its first 'Express' store in Edmonton, north London. On the back of strong UK growth in 2008, the move will allow Lidl to speed up store openings. However, in an increasingly competitive market, Lidl needs to ensure its offer is tailored and that margins can be managed against a higher cost base.

Published By Datamonitor
22 Aug 2008
CommentWire
CommentWire

Tesco: frees up cash for growth

Within the next few weeks, Tesco is expected to complete a deal to sell and lease back up to a dozen of its stores for as much as GBP500 million. The buyer is expected to be Universities Superannuation, Britain's second largest pension scheme. The move is designed to reduce the rapidly growing debt that the company has accrued from its aggressive expansion, particularly in international markets.

Published By Datamonitor
20 Aug 2008
CommentWire
CommentWire

UK grocery: Asda and Tesco fire starting pistols in new price war

With mounting evidence that consumers are changing their shopping patterns to reduce living costs, two of Britain's leading grocers, Asda and Tesco, have launched high profile price campaigns to boost market share. The timely initiative should help these leading supermarkets to defend their positions and encourage higher spending on non-food items.

Published By Datamonitor
15 Aug 2008
Expert View
Expert View

The Co-operative Group agrees acquisition of Somerfield

The Co-operative Group has reached an agreement to acquire Somerfield, the UK's sixth largest grocer, for GBP1.6 billion. The acquisition will make the Co-operative Group a much stronger force in UK grocery retailing, and although the deal will have little impact on the UK's 'Big Four' major grocers, it will prompt further consolidation in the still fragmented convenience store market.

Published By Datamonitor
17 Jul 2008

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